Shasta Regional Community Foundation
- Assets
- $34.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Redding, CA
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 68-0242276
Organization Overview
Shasta Regional Community Foundation, operating under the name Communityfoundationofthenorthstate, is located in Redding, CA. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Communityfoundationofthenorthstate employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communityfoundationofthenorthstate is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Communityfoundationofthenorthstate generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROMOTES PHILANTHROPY BY CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSET DEVELOPMENT AND GRANT MAKING- SERVING ALL OF SHASTA, SISKIYOU, AND TEHAMA COUNTIES. THE COMMUNITY FOUNDATION HAS MORE THAN 150 PHILANTHROPIC FUNDS AND MANAGES ASSETS OF MORE THAN 26 MILLION DOLLARS. THE COMMUNITY FOUNDATION PROVIDES GRANTS, SCHOLARSHIPS, AND LOANS TO ADDRESS LOCAL NEEDS. THE COMMUNITY FOUNDATION SERVES AS A REGIONAL CENTER FOR PHILANTHROPY PROVIDING DONORS SIMPLE AND EFFECTIVE WAYS TO GIVE LOCALLY.
OTHER PROGRAMS - SEE SCHEDULE O
IVY B. HORR ENDOWED MEDICAL EDUCATION LOAN FUND- THIS PROGRAM PROVIDES LOW INTEREST LOANS TO STUDENTS FROM SHASTA, LASSEN, TRINITY, TEHAMA, MODOC, AND SISKIYOU COUNTIES PURSUING AN EDUCATION IN MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Caranci CEO | Officer | 40 | $161,115 |
Jason Luther CFO | Officer | 40 | $84,530 |
Mark Clure Director | Trustee | 1 | $0 |
Bill Cornelius Director | Trustee | 1 | $0 |
Cheryl Forbes Secretary | OfficerTrustee | 1 | $0 |
Bruce Dean Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,101,422 |
| Noncash contributions included in lines 1a–1f | $430,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,101,422 |
| Total Program Service Revenue | $614,817 |
| Investment income | $806,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,598,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,859,071 |
| Grants and other assistance to domestic individuals. | $370,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,957 |
| Compensation of current officers, directors, key employees. | $83,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,259 |
| Payroll taxes | $49,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,862 |
| Advertising and promotion | $28,729 |
| Office expenses | $36,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,439 |
| Travel | $16,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,146 |
| Insurance | $17,624 |
| All other expenses | $4,731 |
| Total functional expenses | $6,390,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,986 |
| Pledges and grants receivable | $534,322 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $127,551 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,156 |
| Investments—publicly traded securities | $32,378,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $667,619 |
| Total assets | $33,957,435 |
| Accounts payable and accrued expenses | $1,423 |
| Grants payable | $402,088 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,957 |
| Total liabilities | $453,468 |
| Net assets without donor restrictions | $2,354,043 |
| Net assets with donor restrictions | $31,149,924 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,957,435 |